Global Curing Agent
Market Report
2025
Global Curing Agent market size will be USD 23.43 Billion by 2030. Curing Agent Industry's Compound Annual Growth Rate will be 6.91% from 2023 to 2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global curing agent market was valued at USD 6.34 billion in 2022 and is projected to reach USD 11.14 billion by 2030, registering a CAGR of 7.3% for the forecast period 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Curing Agent Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 6.91% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Form |
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Market Split by Grade |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Curing Agent Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A curing agent is a substance that initiates or accelerates a chemical reaction known as curing or polymerization. Curing agents are commonly used in various industrial processes, such as the production of adhesives, coatings, resins, and composites. When a curing agent is added to a reactive material, it triggers a chemical reaction that causes the material to transform, changing its chemical and physical properties. This transformation typically involves the formation of cross-links or chemical bonds between the molecules of the material, resulting in the formation of a solid, rigid, or durable product. Curing agents are often used in combination with other materials, such as epoxy resins or polyester resins, to create a chemical reaction that leads to the hardening or solidification of the material. The specific type of curing agent used depends on the desired properties of the final product and the nature of the base material.
The growing demand for cured materials in sectors such as automotive, aerospace, construction, and electronics is a significant driving factor for the curing agent market. These industries utilize curing agents to enhance various products' performance, durability, and strength. In the automotive industry, curing agents are used to formulate adhesives and sealants, produce composite materials used in automotive components, and paint and coatings. In the construction industry, curing agents are used in establishing thermosetting adhesives that offer high strength, and in concrete curing processes to promote the hydration and hardening of concrete. In the electronic industry, curing agents are utilized in the encapsulation and potting of electronic components to protect against moisture vibrations, and environmental hazards, and in producing printed circuit boards. In the aerospace industry curing agents are used in the production of high-performance composite materials used in aircraft structures. Thus, wide applications offered by curing agents in various industries drive the market for curing agents.
Continuous advancements in curing agent technologies, such as the development of new resin systems, reactive diluents, and more efficient curing processes, drive the market growth of curing agents. These advances enable the production of high-performance materials with improved properties. Also, a shift towards eco-friendly and sustainable products has led to the development of environmentally friendly curing agents such as biobased flame-retardant carboxylic acid curing agents. These agents, which have low VOC (volatile organic compounds) emissions and reduced environmental impact, are gaining traction due to stringent regulations and consumer preferences for greener alternatives. Hence, technological advancements in curing agents are booming the market growth by developing bio-based curing agents.
Certain curing agents, especially those containing hazardous substances, can pose health and environmental risks during their production, application, or disposal. Toxic effects, particularly dermatitis, have been observed in people due to curing agent exposure. Stringent regulations and increasing awareness about the potential hazards associated with curing agents can pose challenges to market growth.
Also, some raw materials used in curing agents may face supply constraints due to limited availability or geopolitical factors. This scarcity can result in price volatility and supply chain disruptions, impacting the overall market.
The outbreak of COVID-19 has witnessed a significant impact on the curing agents market growth. During the pandemic, governments across several states-imposed lockdowns which stabilized the curing agent’s industrial sector activities due to decentralization and social distancing regulations. Many end-use industries such as automotive, construction, aerospace, and consumer goods experienced a significant downturn during the pandemic. These industries are major consumers of curing agents. The decline in their production and demand directly impacted the curing agents market. Construction projects were delayed or put on hold in many countries due to lockdown measures and financial uncertainties. The slowdown in construction and infrastructure activities led to decreased demand for curing agents used in applications such as concrete, flooring, and waterproofing.
As vaccination programs rolled out and economies gradually recovered, the demand for curing agents is expected to rebound. The resumption of construction projects, revival of automotive and electronics industries, and increased infrastructure spending by governments are likely to drive the market’s recovery.
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Anquamine 469 has no harmful impact on the environment and offers styrene putty and water resistance, superior adhesion curing performance under high temperatures in high humidity environments, and long pot life, which makes it ideal for heavy industrial coatings exposed to the highly corrosive environment at sea. This epoxy curing agent is specially designed to satisfy the container coatings demands in terms of appearance and workability.
(Source: https://corporate.evonik.tw/en/media/evonikintaiwan/productstory/evonik-introduces-new-waterborne-epoxy-curing-agent-for-the-shipping-container-industry-167551.html )
Westlake acquired the global epoxy business of Hexion Inc. which is a global leading producer of modifiers, epoxy resins, and curing agents for superior-performance materials, coatings, and composites. With this acquisition, Westlake expanded its integrated business by adding a downstream portfolio of coatings and composite products to its existing chloro-vinyl businesses.
(Source: https://www.westlake.com/news/westlake-acquire-hexions-global-epoxy-business )
Huntsman acquired Gabriel Performance Products, which is a manufacturer of specialty additives and epoxy curing agents for sealants, adhesives, coatings, and composite end-markets. This acquisition will help Huntsman in diversifying its product portfolio and serve a range of consumers meeting their various needs.
(Source: https://www.huntsman.com/news/media-releases/detail/468/huntsman-completes-the-acquisition-of-gabriel-performance )
Top Companies Market Share in Curing Agent Industry: (In no particular order of Rank)
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In 2022, Asia Pacific dominated the curing agents market and gained the largest market share in terms of revenue. This growth is attributed to the rising population, and growing end-use industries demanding curing agents. Development in the manufacture of products by various industries to cater to the increasing need of the people, increase in export, and rising demand from electronic and construction industries are also the factors driving the growth of the market in this region.
North America's curing agents market is projected to witness the fastest growth over the forecast period, from 2023 to 2030. The major factor for growth in this region is the growing need for the optimization of wind energy.
The current report Scope analyzes Curing Agent Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Curing Agent Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Curing Agent Industry growth. Curing Agent market has been segmented with the help of its Type, Application Form, and others. Curing Agent market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on type, the curing agent market is segmented into silicone rubber, polyurethane-based curing agents, epoxy curing agents, and others.
In 2022, the epoxy curing agents segment accounted for the largest market share in terms of revenue:
The epoxy curing agents segment dominated the market in 2022 and is anticipated to retain its dominance in the coming years. Epoxy-curing agents have exceptional mechanical strength, chemical resistance, adhesion, and durability. These properties make epoxy-based materials suitable for a wide range of applications, including coatings, adhesives, composites, electronics, construction, and automotive industries. With the increasing demand for high-performance materials in industries such as aerospace, electronics, and automotive, epoxy-based systems have gained significant traction. Epoxy-curing agents enable the production of lightweight, strong, and chemically resistant materials, meeting the stringent requirements of these industries. Thus, rising demand from various end-use industries for epoxy curing agents is driving segmental growth.
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The market is bifurcated by application into electrical and electronics, coating, construction, adhesives, wind energy, composites, and others.
The coating segment was the leading segment in 2022. Rapid industrialization in developing regions, along with increasing disposable incomes, is fueling the demand for coatings for aesthetic purposes, protection, and functional performance. Curing agents enable the production of high-performance coatings with enhanced durability, adhesion, and resistance properties that meet these requirements and drive segmental growth.
The construction segment is anticipated to witness the fastest growth rate, from 2023 to 2030. This growth is attributed to rapid urbanization and population growth driving the demand for new residential and commercial buildings, as well as infrastructure development. These construction activities increase the consumption of curing agents in various applications, including concrete, adhesives, and coatings. The need for efficient and durable construction materials contributes to the growth of the segment in the curing agents market.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Curing Agent Market is witnessing significant growth in the near future.
In 2023, the Silicone Rubber segment accounted for noticeable share of global Curing Agent Market and is projected to experience significant growth in the near future.
The Electrical and Electronics segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hexion Inc. , BASF SE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Silicone Rubber, Polyurethane-Based Curing Agents, Epoxy Curing Agent, Others |
Application | Electrical and Electronics, Coatings, Construction, Adhesives, Wind Energy, Composites, Others |
Form | Liquid, Solid |
Grade | Technical Grade, Reagent Grade, Others |
List of Competitors | Hexion Inc., Evonik Industries, BASF SE, Olin Corporation, Huntsman Corporation, Cardolite Corporation, Aditya Birla Chemicals Ltd., Kukdo Chemical Co. Ltd., Atul Limited, Mitsubishi Chemical Corporation |
This chapter will help you gain GLOBAL Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review Global Curing Agent Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review North America Curing Agent Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review Europe Curing Agent Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review Asia Pacific Curing Agent Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review South America Curing Agent Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Curing Agent. Further deep in this chapter, you will be able to review Middle East and Africa Curing Agent Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Curing Agent. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Form Analysis 2021 - 2033
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Chapter 13 Market Split by Grade Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Curing Agent market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Silicone Rubber have a significant impact on Curing Agent market? |
What are the key factors affecting the Silicone Rubber and Polyurethane-Based Curing Agents of Curing Agent Market? |
What is the CAGR/Growth Rate of Electrical and Electronics during the forecast period? |
By type, which segment accounted for largest share of the global Curing Agent Market? |
Which region is expected to dominate the global Curing Agent Market within the forecast period? |
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